What is FunFair (FUN)?
Future of FUN Cryptocurrency and know how to buy FUN

#1 - What is FUN?

How efficient would it be if the online casino gaming industry could harness the power of the blockchain? Blockchain gaming has failed to attract a mass audience so far, but FunFair, powered by the FUN coin, can deliver on a much needed transition, and it might just ensure a bright future for online casino gaming.

FunFair: The Basics

FUN is a digital token designed to provide users with a decentralised casino gaming ecosystem, and to provide casinos with technology to optimise costs and efficiency. FunFair works as a gaming platform powered by the blockchain, and is expected to change the online casino industry. It run’s on Ethereum blockchain, with its platform providing players with a fair and low-cost game setup.

The project funders - Jez San, Oliver Hopton and Jeremy Longley, are also the operating executives of the venture and launched FunFair in 2017. It is headquartered is in Singapore with other offices in London, Malta, Gibraltar, and Guernsey.

FUN Development

  1. FUN was launched during a single event on June 22, 2017. 500 million FUN tokens were issued on that day, which was Phase 1 of the token issue.
  2. In Phase 2, three times the total number of FUN tokens issued in Phase 1 were created for a Dutch auction event held in September 2017. The tokens which were not sold during the dutch auction were distributed to Phase 1 token holders.
  3. FunFair has bought several gaming domains (.eth), which includes blackjack.eth, for FunFair operators’ and affiliates’ exclusive use.

Caption: 3D Roulette (A game built on FunFair) https://funfair.io/wp-content/uploads/FunFair-Commercial-White-Paper.pdf

 

#2 - What are the Benefits of FUN?

You can use the FUN token for a wide range of gaming actions, which includes betting, lending, paying out players and repaying stakeholders. FunFair works as B2B platform which uses blockchain technology. It ensures transparency, efficiency, and access to new business for the casino sector.

  1. FunFair provides casino setups which can be run directly in the browser, on both computers or mobiles.
  2. Online casino development is a breeze, with its platform providing a facility to create and launch thousands of fully-customized online casinos. It can be hosted by anyone including you as an individual or any large organization.
  3. No other online gaming platform has been able to create quick, cost-effective money-making game for players and developers this quick.

FUN Technology

  1. FUN is a browser-based gaming platform created using HTML5 and WebGL, which enables you to use FunFair on both mobile devices and personal computer. It delivers vivid 3D graphics and a highly responsive user interface.
  2. Casino managers can launch their platforms in a fairly short amount of time and add or remove features within a few clicks.
  3. It adds a level of trust to the casino industry as well. By executing the system via smart contracts on a blockchain, there’s transparency about users’ odds.
  4. To work around the slow speeds a Blockchain typically operates with, FunFair has built Fate Channels - an off-chain solution that executes and supports gameplay, with the results being logged on the blockchain at the end of a session only. These only require 2 blockchain transactions - significantly reducing load, reducing cost, and improving speed.

 

#3 - How to buy and store FUN

How to buy FUN

  1. Most globally popular exchanges - such as Binance, OKEx, and HitBTC support FUN trading. However, it’s far easier to use CoinSwitch. CoinSwitch help you make the right decision on transactions by providing the prices for FUN on multiple crypto exchanges. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose whichever pair you want with your token and compare the prices at exchanges. This way you can choose the best deal for you!
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your FUN cryptocurrency. Instead, all transactions happen to and from your own personal private wallets, the benefits of which we’ve spoken about here earlier.

How to store FUN

FUN is an ERC20 token, which means it can be stored safely and securely on all Ethereum compatible wallets. Popular ones include MyEtherWallet, or the hardware Ledegr or Trezor series.

 

#4 - What is the future of FUN?

Also Read: Complete Analysis of FunFair | Live FunFair (FUN) Price Charts And Predictions

Similar to the overall cryptocurrency market, FunFair also witnessed regular volatility in its price movements.

  1. Shortly after launch, it was trading at $0.012. In January its price reached $0.18, delivering 15x returns to those who picked it at that price.
  2. It is presently trading at $0.026 as of June 2018.
  3. Analysts forecast a climb to $0.09 in the short term.

Date

Open

High

Low

Close

Volume

Market Cap

Jun 01, 2018

0.033949

0.034753

0.033729

0.034728

2,087,980

164,948,000

Apr 01, 2018

0.030907

0.031803

0.027482

0.029407

874,322

142,328,000

Feb 01, 2018

0.085472

0.085673

0.061932

0.068446

7,097,260

377,708,000

Dec 01, 2017

0.025782

0.027984

0.024440

0.026820

1,256,520

109,569,000

Oct 01, 2017

0.031597

0.034116

0.029537

0.033353

3,392,900

126,388,000

Aug 01, 2017

0.011566

0.012802

0.011379

0.012475

600,151

44,407,600

Jun 27, 2017

0.017410

0.017410

0.007840

0.013975

8,783

-


The two primary reasons for such an enthusiastic estimate are:

  1. Firstly it is the leader among all online gaming based cryptocurrencies.
  2. Secondly, the online gaming market is witnessing rapid growth. The revenue of global gaming was approximately $400 billion in 2017, with Asia’s share of one-third of all the gaming activity.
  3. 10% of the global gaming market is now online based. It is predicted that the gaming market will grow rapidly and the online casino gaming market will grow faster than traditional casinos.

 

#5 - How is FUN different from other cryptocurrencies?

  1. FunFair is specifically focused on solving issues unique to the casino industry - by bringing in transparency and trust to the system, whilst simultaneously reducing costs and increasing efficiency.
  2. It is a global online gaming platform which allows you to play online betting games. Casino games in this platform can be created by developers with ease.
  3. By licensing its technology to Casino entrepreneures, it’s giving the industry a much needed boost.
  4. This is unlike most other major cryptocurrencies, many of which seem to be focusing on transfer of monetary value - such as Bitcoin, Bitcoin Cash, Ripple and more.

 

#6 - Should you invest in FUN?

The FunFair team is lead by highly experienced Jez San and Jeremy Longley.

  1. They bring extensive experience in the gaming space, with Jez being highly accomplished in the field of real-time 3D computer graphics. He created StarGlider, which was one of the earliest 3D games to be released. He also co-invented the Super FX graphics RISC processor for the company Nintendo which was the first custom chip to render 3D computer graphics in a gaming system.
  2. With such a unique idea of online casino based cryptocurrency which is also the best in its domain. Its price is still undervalued.
Related Searches